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Market Intelligence:
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Industry Data
  • CUJ content
    FICO Reports Lower Earnings On Revenue Decline

    MINNEAPOLIS – FICO, provider of the ubiquitous credit score, reported a 1% dip in fiscal third quarter earnings yesterday, based on a similar decline in revenues for the period.

    July 28
  • Payments
    Visa Reports Strong Third Quarter Profits

    SAN FRANCISCO – Visa Inc. reported profit of $716 million yesterday for its fiscal third quarter, as consumers resumed spending.

    July 28
  • CUJ content
    Sallie Mae Exploring Break Up

    RESTON, Va. – Student loan giant Sallie Mae, which began life as a government sponsored enterprise then transitioned into the biggest provider of student loans in the country, has hired Goldman Sachs to consider a possible break up of the company, which has been devastated by recent student loan legislation.

    July 28
  • CUJ content
    Mid-Hudson Valley FCU Extends 24/7 Teller Service

    KINGSTON, N.Y. – Mid-Hudson Valley FCU is expanding its 24/7 Personal Teller Service to two more branches next week.

    July 28
  • CUJ content
    BECU Cracks Card Skimming Ring At Wendy’s

    SEATTLE – A worker at a local Wendy’s restaurant was arrested yesterday, along with two alleged accomplices, and charged with identity theft after she allegedly used a “skimmer” to steal credit card information from as many as 135 customers.

    July 28
  • Corporate credit unions
    Southeast Corporate Reports $800,000 OTTI Charge In June

    TALLAHASSEE, Fla. – Southeast Corporate FCU here reported an other-than-temporary-impairment charge of nearly $800,000 last month but was able to cover the losses with retained earnings, the credit union announced.

    July 27
  • CUJ content
    Suspects Arrested Trying To Steal CU ATM Near Police Station

    DALLAS – Four suspects attempted to steal an ATM from America's CU early Tuesday, right down the street from the Garland Police Station, while an off-duty police officer watched their every move.

    July 27
  • CUJ content
    E53 FCU In Motion With New Moniker

    LINDEN, N.J. – E53 FCU, the nation’s 18th-oldest federal credit union chartered to serve employees of ExxonMobil, ConcocoPhilips and DuPont, is celebrating its 75th anniversary with a new name, Motion FCU.

    July 27
  • CUJ content
    Connex CU Wants College Interns To Connect With Gen Y

    NORTH HAVEN, Conn. – Connex CU is searching for one college student to serve as the credit union’s vice president of “Unbanking” and four other interns as part of its outreach to Generation Y.

    July 27
  • CUJ content
    BECU Implements Axway’s SecureTransport System

    TUKWILA, Wash. – BECU has installed Axway’s SecureTransport solution, which the company said securely manages financial exchanges.

    July 27
  • CUJ content
    Baxter CU Signs With CUSO Financial Services

    VERNON HILLS, Ill. – Baxter CU said yesterday it has contracted with CUSO Financial Services for broker/dealer services and back office support.

    July 27
  • CUJ content
    Fraud Probed In CU Failure

    SANTA ANA, Calif. – NCUA is investigating allegations that manager fraud caused a failure at Mutual Diversified Employees FCU, a one-time $10 million credit union that was closed and folded into nearby giant SchoolsFirst FCU in February.

    July 27
  • CUJ content
    Wanigas CU Gets FHLB Funds To Finance Purchase Of Foreclosed Homes

    SAGINAW, Mich. – Wanigas CU was granted $384,000 from the Federal Home Loan Bank of Indianapolis to help finance homeownership in foreclosed homes.

    July 27
  • CUJ content
    CapCom FCU Pledges $100,000 To Nursing School

    TROY, N.Y. – Capital Communications FCU said its CAP COM Cares Foundation will donate $100,000 to Hudson Valley Community College to expand its nursing program.

    July 27
  • CUJ content
    Earnings Dip At Fiserv

    BROOKFIELD, Wis. – Fiserv yesterday reported a 9% decline in second quarter earnings, based on a drop in income from discontinued operations after last year’s sale of its insurance business.

    July 27
  • CUJ content
    Dynamic Card Solutions Wins Patent For Unembossed Payment Cards

    DENVER – Dynamic Card Solutions announced yesterday the U.S. Patent and Trademark Office has issued the company a Notice of Allowance for a patent encompassing proprietary instant issuance printing technology for unembossed financial cards.

    July 27
  • CUJ content
    Young Mom Charged With One-Day Robbery Spree

    SAN DIEGO – A federal judge yesterday rejected a request for child visitation made by a young woman who allegedly left her 18-month-old child at home while she went out on a robbery spree, hitting a credit union and two banks in two busy hours May 10.

    July 27
  • CUJ content
    New Assault Launched On Card Interchange

    WASHINGTON – A Senate subcommittee yesterday endorsed a bill that would cap interchange fees charged to federal government entities for taxes and other services at the lowest market rate, continuing efforts to lower interchange fees charged by credit unions and banks.

    July 27
  • Performance reports
    NCUA Creates Office Of The Chief Economist

    ALEXANDRIA, Va. – NCUA announced today it has reestablished an office of the chief economist for the first time in 18 years and hired John Worth, policy manager for the Federal Housing Finance Agency, the regulator for Fannie Mae and Freddie Mac, to head it.

    July 27
  • Branch network
    Tulsa FCU Builds 12th Branch

    TULSA, Okla. – Tulsa FCU plans to build a branch on Riverside Drive.

    July 26
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23RD ANNUAL THE MOST POWERFUL WOMEN IN BANKING

Meet The Most Powerful Women in Banking 2025, our annual ranking of the executives at the pinnacle of the industry.

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